Internal · month-end nudge

August is closing. The door is still someone else’s.

Two pages. Locked terms. Written so Sultan can put it in front of the Chief Executive this week. Not a chase. Not a new product.

Covering note — send this, attach the PDF

Sultan — August is closing.

The last Home Ijarah files this month are still walking in through someone else’s door.

Two pages you can send up this week.
90 days. Ajman Bank name. Officers keep the fund. Core not touched.

Twenty minutes when you have them.

To Sultan · For Ajman Bank — internal circulation · Date 24 August 2026

Re August close — 90-day Home Ijarah evaluation · Class Confidential

Sultan — a week ago we left it at licensed Home Ijarah under the Ajman Bank name, without touching core. August has a week left. The files that still fund this month are walking in through a portal. That is the leak. This note is written so you can send it to the Chief Executive this week. It is not a demonstration. It is the decision.

Why this is on the desk now

Month-end is when distribution feels the door. Last-week volume does not start as Ajman Bank. It starts on a portal. The Bank still books the asset — and still pays for the introduction. This evaluation does not wait on a new year. Ninety days. One Home Ijarah book. Officers keep the fund.

What Ajman Bank keeps

The customer. The brand the customer sees. Credit authority. Shariah authority. Valuation. The funding instruction. Core banking and the general ledger — unchanged. Nothing is funded without an Ajman Bank officer’s last confirm. The software prepares the file. The Bank decides.

What Ijarah OS is — and is not

Licensed software for Islamic home-finance origination. The customer sees Ajman Bank. Ijarah OS runs the rails that assemble the file, route it, and put it in front of officers. Not a marketplace. Not a brokerage. Not a consumer brand. Scope is Home Ijarah only — salaried, ready property. Cards, SME, and goods are out.

Distribution does not get ripped up

Brokers and developers still introduce. They are paid a flat fee on a funded file — not a percentage of the facility. They do not keep the customer. The first click and the book sit with Ajman Bank. The introducer network stays paid and usable.

The decision this week

Whether this evaluation goes to the Chief Executive before August closes. No press. No IT programme. No public launch. Twenty minutes: we walk one file under the Ajman Bank name, then we put the SOW on the table. The next conversation is start. Not structure.

Setup

AED 180,000

environment + 90-day license

Per funded file

AED 2,500

flat · not a % of the loan

Window

90 days

stop cleanly · core untouched

Locked terms

Product: Home Ijarah — salaried, ready property. Journey under the Ajman Bank name (EN / AR).
Setup AED 180,000 — license, not ownership.
AED 2,500 flat per funded file. Assisted desk AED 1,500 default.
No source. 36-month non-circumvention in the MSA.
On exit: data export 30 days. Core untouched.

The only scoreboard

% of submitted files on the standard rail. Track classified standard vs assisted on each new file. Weekly export.
Cost per funded file (AED). Officer time + assisted desk + platform fee, divided by funded files in the window.
Assisted conversion. Share of exception files that pay or continue vs drop in the choice window.
Officer load. Median minutes on standard files vs assisted files, from first open to last confirm.

This paper does not bind until authorised people sign, with governing law completed by counsel. Until then it is the operating draft we will not reopen for shape.